Research analysts at StockNews.com began coverage on shares of Beazer Homes USA (NYSE:BZH – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the construction company’s stock.
Several other brokerages have also recently commented on BZH. Wedbush boosted their target price on Beazer Homes USA from $18.00 to $20.00 in a report on Friday, April 28th. B. Riley boosted their target price on Beazer Homes USA from $20.00 to $22.00 in a report on Monday, May 1st.
Beazer Homes USA Stock Performance
Shares of NYSE BZH opened at $21.28 on Thursday. The company has a current ratio of 16.37, a quick ratio of 2.46 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $17.01 and a 200-day simple moving average of $14.99. The company has a market cap of $667.13 million, a PE ratio of 3.27 and a beta of 2.17. Beazer Homes USA has a 12-month low of $9.47 and a 12-month high of $21.75.
Beazer Homes USA (NYSE:BZH – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The construction company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.29. The business had revenue of $543.91 million during the quarter, compared to the consensus estimate of $519.91 million. Beazer Homes USA had a return on equity of 21.32% and a net margin of 8.54%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. On average, equities research analysts forecast that Beazer Homes USA will post 3.95 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Dark Forest Capital Management LP bought a new position in shares of Beazer Homes USA in the first quarter valued at $31,000. Captrust Financial Advisors raised its stake in Beazer Homes USA by 60.3% during the 2nd quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock valued at $32,000 after purchasing an additional 985 shares during the period. New York State Teachers Retirement System acquired a new stake in Beazer Homes USA during the 4th quarter valued at $34,000. Lazard Asset Management LLC acquired a new stake in Beazer Homes USA during the 1st quarter valued at $40,000. Finally, Tower Research Capital LLC TRC raised its stake in Beazer Homes USA by 83.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock valued at $29,000 after purchasing an additional 1,367 shares during the period. Institutional investors own 78.95% of the company’s stock.
About Beazer Homes USA
Beazer Homes USA, Inc engages in the design and sale of single-family and multi-family homes. It operates through the following geographical segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment consists of Delaware, Indiana, Maryland, Tennessee, and Virginia.
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